(CRD #4270012, San Diego, California)
May 13, 2026 – John Polemis was named a respondent in a FINRA complaint alleging he made material misrepresentations to a customer, who was terminally-ill, to induce the customer to provide him with 20 loans, totaling $28,000. The complaint alleges that Polemis represented to the customer that he would repay the funds, often by a specific date and with interest. However, Polemis never repaid any of the funds he received. The complaint also alleges that Polemis solicited and obtained these loans in violation of his firms’ written policies and procedures. The complaint further alleges that after the customer’s death, Polemis placed two trades with a total principal value of approximately $157,579 in one of the customer’s accounts, without prior authorization. The trades generated $3,151.59 in commission. In addition, the complaint alleges that Polemis failed to provide information and documents requested by FINRA in connection with its investigation.
If you have suffered losses as a result of John Polemis’s act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by John Polemis The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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